Whether for business or for pleasure, travelling abroad to the United States can be a great deal of fun. However, there are always certain factors to keep in mind when renting a car. One very important area to address is what is known as car hire excess insurance.
Car Hire insurance in the USA: What You Need to Know
In Europe it is usual practice for car hire companies to include car insurance, also referred to as a collision damage waiver (CDW) or a loss damage waiver (LDW) as part of the car hire policy. In countries outside of Europe such as the USA this is not so common and therefore to get this protection it must be purchased separately. Therefore before hiring a car in the USA make sure you understand what cover you will receive as part of the policy. Whether or not cover is provided as part of the hire policy or bought separately nearly always, if the car is damaged or stolen you are liable for a portion of the cost. This is known as an excess fee which must be paid when making a claim. This is where car hire excess insurance comes in. Excess insurance provides you with a financial “buffer” in the event that you need to make a claim meaning the insurance provider will pay this excess fee so you don’t have to.
What does Excess insurance cover me against
Excess insurance will cover your excess fees for the following:
Car hire excess insurance will typically cover excess fees for the following:
• Damages to areas of the car such as the roof, tires, lights and windscreen.
• Roadside assistance and towing fee.
• Theft of the hired vehicle.
• Damages caused by using an incorrect fuel type.
Please note: Although car hire excess insurance in the USA is not normally mandatory, without it you could end up having to pay an excess on any damages anywhere well within the thousands of dollars. It is always a wise choice in terms of the financial protection and peace of mind that it can provide.